• KIEAE Journal
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• v.10 no.6
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• pp.33-39
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• 2010

Visual Environment and productivity are correlated. So we need to create a comfortable visual environment and maintain proper workplane illumination level. We can obtain lighting energy savings and comfortable visual environment using daylight and LED lights. In this study, we characterized the indoor illuminance level according to the sky condition and proposed dimming control strategy of LED lights. Energy savings in On/Off control mode are 40% at clear sky and 28% at intermediate sky. In dimming control mode, energy savings are 77.2% at clear sky and 64.1% at intermediate sky. Then we obtain the appropriate dimming control strategy of LED lights based on data. Dimming rates are 0-14.2-80(min-avg-max, %) for LED 1, 0-19.9-60% for LED 2 and 30-61.4-90% for LED 3. Lighting energy savings are 68.2% for LED dimming system applied this control method.

• Solar Energy
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• v.18 no.4
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• pp.67-75
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• 1998

Daylight illuminance are always changing. Nevertheless, when the energy savings due to daylight are calculated an accurate estimate of daylight availability is required. Where artificial lighting is photoelectrically controlled the relevant quantity is the cumulative distribution of daylight illuminance. This paper describes an experiment which measured daylight illuminance over one whole working year. Also using measured data on availability of daylight, equations are drived to predict the maximum possible savings from photoelectric controls for an interior lighting installation. The equations are applied to a space as a worked example and figures are given for the relative maximum savings in artificial lighting use of three control systems: on/off, dimming and mixed.

• The Journal of Asian Finance, Economics and Business
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• v.7 no.7
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• pp.293-302
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• 2020

Capital mobilization is a traditional business of commercial banks and is one of the core foundations for the development of a bank. Capital mobilization is the main input in the operation of a bank, and this is also the basis for generating output for credit activities as well as other banking activities. This study aims to determine the main factors that affect the decisions of individual customers to put savings deposit in Vietnamese commercial banks. Survey data collected from 403 individual customers were analyzed to provide evidence. The results from the multiple regression analysis by using SPSS software revealed that all scales in this study were reliable, and there were six components impacting the savings deposit decision of individual customers from the strongest to the weakest in the following order: the form of promotion, bank brand, service quality, interest rate policy, and employee knowledge and attitude. Besides, the finding showed customers who have high income tend to have a stronger decision on savings deposits in commercial banks. The main findings of this article provide some empirical implications for marketers in banks and serve as a suggestion to improve these factors in order to retain and attract individual customers' savings deposit decisions.

• Management & Information Systems Review
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• v.34 no.5
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• pp.277-293
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• 2015

Mutual Savings Banks generally have weaker governance structure than other financial institutions, so the possibility of earnings management by owner-largest or managements of mutual savings banks is higher than other financial institutions. This study examines the relationship between corporate governance and quality of internal control of financial reporting. If the expropriation of minority shareholder hypothesis holds, we predict that the larger block shareholder in mutual savings banks, the weaker the internal control system by more likely the opportunistic earnings management by bank managers. On the other hand, under the convergence of interest hypothesis, we predict that the larger block shareholder in mutual savings banks, the stronger the internal control system by reduction in agency costs as owner-manager's holdings increases, and there a negative relationship is expected between internal control weakness and the holdings of the owner-largest shareholder. We find that mutual savings banks with higher owner-largest shareholder equity has significant positive relations with their internal control of financial reporting material weakness. This result suggests that the greater owner-largest shareholder equity, the more likely the opportunistic earnings management, so that decrease quality of internal control. This paper extends the literature on financial institutions corporate governance to verify whether governance system, especially, owner-largest and quality of internal control has significant positive relations.

• Journal of Korean Society of Transportation
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• v.20 no.3
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• pp.41-52
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• 2002

Most investment evaluations and economic assessments of road transport proposals in Korea omit a valuation of the time spent in transit for loads of freight. These days there were few attempts to estimate value of freight travel-time savings in Korea, but most of them included rail or marine with statewide area so that couldn't obtain unique travel-time savings for road freight transport. This study applied revealed Preference method and associated binominal logit models to estimate the value of travel-time savings in transit from an statewide survey of road freight transport in 1997. Data sets were segmented according to transport areas and business types. The results of this study showed that the value of freight travel-time savings varied wide ranges from 53,449 won per hour in urban transport to 29,397 won per hour in regional transport, that the use of statewide value of freight travel-time savings can drives wrong results into economic assessment, and that the use of adequate value of freight travel-time savings according to assessment area is very important.

• Journal of Preventive Medicine and Public Health
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• v.39 no.2
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• pp.149-158
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• 2006

Objectives : We wanted to evaluate the economic value of a pharmaceutical product, Kremezin, for treating patients with chronic renal failure (CRF) by estimating the amount of cost savings due to its effect for delaying the initiation of dialysis treatments. Methods : We defined a conventional treatment for CRF accompanied by Kremezin therapy as 'the treatment group' and only conventional treatment as 'the alternative group.' The types of costs included were direct medical and nonmedical costs and costs of productivity loss. The information on the effect of Kremezin was obtained from the results of earlier clinical studies. Cost information was derived from the administrative data for 20 hemodialysis and 20 peritoneal dialysis patients from one tertiary care hospital, and also from the administrative data of 10 hemodialysis patients from one free-standing dialysis center. Per-capita cost savings resulting from Kremezin therapy were separately estimated for the cases with delay for the onset of hemodialysis and the cases with immediate performance of peritoneal dialysis. By computing the weighted average for the cases of hemodialysis and peritoneal dialysis, the expected per-capita cost savings of a patient with CRF was obtained. Using a discount rate of 5%, future cost savings were converted to the present value. Results : The present value of cumulative cost savings per patient with CRF from the societal perspective would be $18,555,000{\sim}29,410,000$ Won or $72,104,000{\sim}112,523,000$ Won if Kremezin delays the initiation of dialysis by 1 or 4 years. Conclusions : The estimated amount of cost savings resulting from treating CRF patients with Kremezin confirms that its effect for delaying the onset of dialysis treatments has a considerable economic value.

• Architectural research
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• v.7 no.2
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• pp.47-54
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• 2005

A photoelectric dimming control system for a small private office space with a double skin envelope system was analyzed for the purpose of examining optimum control performances under a variety of daylight conditions. Computer simulations were performed for the three different photosensor types positioned at the center of ceiling in the space. They were applied in both a south and north-facing room. Daylight conditions were a fixed horizontal venetian blind on an external envelope and a retractable shading device on an internal envelope under a clear, intermediate and overcast sky at different times of a day and year. Partially-shielded photosensors provided good control performances providing the required electric light output under clear and intermediate sky conditions. Unshielded photosensors failed to provide necessary illuminance levels producing less electric output and fully-shielded photosensors generally provided excessive light output. Reasonable electric lighting energy savings were achieved except under overcast sky conditions where the control system did not contribute to energy savings due to the less daylight through envelopes. The retractable shading device covering 50% of the internal envelope reduced energy savings up to 19.62%, but the workplane illuminance levels were maintained within recommended ranges. The coefficients of determination between workplane illuminance and photosensor illuminance due to daylight ranged from 0.74 to 0.98. Partially-shielded conditions provided best correlations and the north-facing room yielded stronger correlation than the south-facing room.

• Asian Journal of Business Environment
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• v.6 no.3
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• pp.11-14
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• 2016

Purpose - Microfinance institutions (MFIs) in Bangladesh have been providing savings services to their clients at least for the past 15 years. However, whether an MFI should have institutional requirement(s) to be a deposit-taker generates interest among academics and policy makers. Thus, this short note aims to provide a brief overview of institutional properties of MFIs. Research Design, Data, and Methodology - This study used the existing literature and reports by the Microcredit Regulatory Authority' to investigate institutional properties of MFIs. In doing so, we have used 'institutional theory of saving' as a theoretical ground. Although the 'institutional theory of saving' has several important properties, the existing literature mostly discusses seven features such as information, incentives, facilitation, expectation, access, restrictions and security. Results - It is found that MFIs- in general- should have all the seven important institutional properties to be considered as an ideal savings institution. With regards to the microfinance sector in Bangladesh, this study supports that all the NGO-MFIs have these properties to be considered as an ideal deposit taker. Conclusions - The microfinance sector in Bangladesh needs to design and develop comprehensive and customer friendly savings products to further motivate the poor to save in MFIs.

• Journal of Distribution Science
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• v.17 no.6
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• pp.25-32
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• 2019

Purpose - Pricing strategy is a very effective marketing activity and has a significant impact on consumer purchasing decisions. Numerous studies have investigated the effects of various pricing strategies. However, tensile price claims have received little attention in the literature. It is thus necessary to investigate how different forms of tensile price claims affect consumer response. This study uses the consumer self-confidence level as a moderator of consumer behavior. Research Research design, data, and methodology - This study investigates the effect of four different tensile price claims (i.e., maximum discount, minimum discount, average discount, and range discount advertisements) on consumers' perceived savings. A survey was conducted to collect data for testing hypotheses. Results - The results show that consumers with high levels of self-confidence perceive more savings for maximum discount advertisements than minimum discount advertisements, for range discount advertisements than average discount advertisements. On the other hand, consumers with low self-confidence feel more perceived savings for average discount advertisements than range discount advertisement. Conclusions - The results of this study provide a new insight into the effectiveness of tensile pricing based on consumer self-confidence levels, which may provide valuable theoretical and practical applications.

• KIEAE Journal
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• v.13 no.4
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• pp.69-74
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• 2013

It is difficult to apply a design standard uniformly to university buildings because various education courses are conducted. However, a design guideline for saving energy is necessary in order to prepare for low-energy days. A library in any university is one of the buildings that a lot of people use and most of the energy is spent. Therefore, the investigation on the energy savings of library facilities is very important and urgent. This study finally presents the design guideline of those facilities for low-energy. In this paper, the trend of space layout, utilization schedule and performance of materials are investigated, and the impact on energy savings and effective energy saving strategies are analyzed and illustrated by energy simulation. As a result of energy analysis from the case of 'H' university, it is confirmed that the utilization schedule effects mostly to energy consumption and the layout and orientation of the rooms in the library are the major parameters. Among the investigated saving strategies, green roofs are found as the most effective part for heating energy savings, and outdoor air cooling is known as the most effective method for cooling energy savings.